Afromundo
EIN: 470934273 · Albuquerque, NM · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $95K |
| Net Assets | $63K |
Is Afromundo Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Afromundo
Afromundo (EIN: 470934273) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A23. The organization reported total revenue of $129K and total assets of $63K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Afromundo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Afromundo is a small nonprofit that has been operating for 21 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 31.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $129K |
| Total Expenses | $95K |
| Surplus / Deficit | +$34K |
| Total Assets | $63K |
| Net Assets | $63K |
| Operating Margin | 26.1% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2024, Afromundo reported a surplus of $34K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2023–2024), Afromundo's revenue has grown at a compound annual growth rate (CAGR) of 31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.5% | +38.7% | +109.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Afromundo has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Afromundo with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
Frequently Asked Questions about Afromundo
Is Afromundo a legitimate charity?
Based on AI analysis of IRS 990 filings, Afromundo (EIN: 470934273) insufficient data. 0 red flags identified, 0 strengths noted.
How does Afromundo spend its money?
Detailed spending breakdown data is not yet available for Afromundo. Check back for updated IRS 990 analysis.
Are donations to Afromundo tax-deductible?
Afromundo is registered as a tax-exempt nonprofit (EIN: 470934273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Afromundo located?
Afromundo is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 470934273. It is classified under NTEE code A23.
How many years of IRS 990 filings does Afromundo have?
Afromundo has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $129K in total revenue.
Filing History
IRS 990 filing history for Afromundo showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Afromundo's revenue has grown by 31.5%, moving from $98K to $129K. Total assets increased by 109.7% over the same period, from $30K to $63K. Total functional expenses rose by 38.7%, from $69K to $95K. In its most recent filing year (2024), Afromundo reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $129K | $95K | $63K | $0 | — | — |
| 2023 | $98K | $69K | $30K | $690 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Afromundo:
Data Sources and Methodology
This transparency report for Afromundo is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.